Chesterfield Resources Share Discussion Threads

[soulsauce] 10/6/2020 09:00

They may well do Andy but it is not on the cards yet.

And if they do that will be another 12.4m shares in issue making 74m shares in total so hardly an issue.

[catsick] 10/6/2020 08:58

I don't think they have any need for cash now and the directors and hnw buddies own a large percentage of the company so won't want to dilute until there is a project to fund or extensive drilling needed to prove up the current drill campaign. There only seem to be 12 -13 million shares in retail hands and I have 10 percent of those !

[andy] 10/6/2020 08:55

pranchalee,


My guess is they will issue the maximum number of shares per year too.

The normal rule is run the price and place, regardless of funds available, so we'll see if that happens here or not in due course.

[catsick] 10/6/2020 08:53

Up to a huge 3 million market cap !

[soulsauce] 10/6/2020 08:25

No problem Walter, Palm will do just as well if not better.

[walter walcarpets] 10/6/2020 08:16

Thanks for the nod soul. Unfortunately no funds available :-(

[soulsauce] 10/6/2020 08:12

No problem pranchalee, just like Palm it's main listed with a small number of shares in issue.

[pranchalee] 10/6/2020 08:09

God your right ss my apologies got it mixed up with another share,age is catching up

[someuwin] 10/6/2020 08:08

This is not AIM pranchalee. Its fully listed.

[soulsauce] 10/6/2020 08:05

No it's not pranchalee. Do sone research before making daft comments.

It's on the main market and so can only issue a maximum of 20% of new shares each year.

[pranchalee] 10/6/2020 08:04

Sorry soul this is aim mate never forget that

[soulsauce] 10/6/2020 08:02

Well that wasn't necessary pranchalee. They have more than enough money for the current drilling plans.

[cbeadle] 10/6/2020 08:01

They could wait for the next few days, fend off the institutions avoid early dilution and raise funds after the price has risen

[pranchalee] 10/6/2020 07:58

Looks like placing on the way

[soulsauce] 10/6/2020 07:49

Cheers someuwin that is a nice tweet.

[someuwin] 10/6/2020 07:39

"Chesterfield Resources PLC @ChesterfieldPlc 2m

Copper is emerging as the strongest commodity to lead the world out of the Covid crisis.

For investors, Chesterfield is by far the most leveraged copper play on the London stock market"

[cbeadle] 10/6/2020 07:39

The next 1-2 days should be very interesting, only a few sellers and CHF hopefully coming on the radar for investors. With encouraging news this could rocket

[catsick] 10/6/2020 03:34

Nice move but still micro market cap ! To me the area has a lot of similarities to aaz's assets also in the tethyan belt where vms lenses have produced copper for centuries but the gold grades never were economic but now can be hugely profitable. Its not going to be difficult it seems to prove up a nice project ...

[soulsauce] 09/6/2020 18:16

No hope about it cbeadle, they have already found gold.

[cbeadle] 09/6/2020 18:12

Where better to look for copper than a place known to be famous for Cu since the Roman times? With modern exploration techniques they will surely find much more, and hopefully some gold and silver too

[soulsauce] 09/6/2020 17:41

Just the start hopefully and more to come. Should start drilling again any time now.

[cbeadle] 09/6/2020 16:56

Just shows excellance how quickly it could move up, not even much volume today either and no sellers

[excellance] 09/6/2020 16:37

You're lucky you got some.

I've been trying to buy just £1900 worth in my ISA all afternoon but no stock available. Tried all variations.

I bought 125,000 x 2 in my SIPP this morning to complete my allocation in there, but this afternoon for my ISA I couldn't get any, and actually have none at all in that account yet.

Ho hum, try again tomorrow.

[excellance] 09/6/2020 16:01

Yeah I bought more today.
3.78p paid
Happy to hold, let's see what they dig up.